| evaluated receipt settlement (MM-IV) |
A procedure for automatic settlement of goods receipts.
Evaluated receipt settlement involves an agreement between the vendor (creditor) and the buying entity that the former does not issue invoices for purchasing transactions. Instead, the invoice document is posted automatically in the buying entity's system on the basis of data from the PO and goods receipts. The use of this data precludes invoice variances (too high a price, for example).